Albany International (NYSE:AIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Albany International (NYSE:AIN) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Several other research firms have also recently issued reports on AIN. Robert W. Baird increased their price target on Albany International from $64.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Weiss Ratings raised shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Truist Financial increased their target price on shares of Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $61.00.

Albany International Price Performance

NYSE AIN opened at $62.32 on Friday. The company has a 50-day moving average price of $67.46 and a two-hundred day moving average price of $62.75. Albany International has a 52 week low of $41.15 and a 52 week high of $77.00. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -35.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.16. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60.

Albany International (NYSE:AIN) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Albany International had a positive return on equity of 10.76% and a negative net margin of 4.18%.The company had revenue of $329.48 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Analysts forecast that Albany International will post 2.86 EPS for the current year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 1st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Albany International’s dividend payout ratio (DPR) is currently -64.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nykredit A S purchased a new position in Albany International during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in Albany International by 227.3% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock valued at $38,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC raised its position in Albany International by 32.4% during the second quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock valued at $49,000 after buying an additional 174 shares during the period. CWM LLC lifted its stake in Albany International by 39.3% in the 4th quarter. CWM LLC now owns 712 shares of the textile maker’s stock worth $36,000 after acquiring an additional 201 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Albany International by 42.3% during the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after acquiring an additional 270 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.